Property Services for NRI in Delhi, India

We offer specialized Legal and Property Related Services to NRIs and Foreign Citizens in respect of their properties located in Delhi, India.

We take care of the special needs of NRIs and know the importance and value of their time. That's why we always strive to get their work done in the least time and in the least number of visits to India. We always ensure that our clients are guided correctly and are not taken for a ride by incompetent people.

We have been working in this field since 1967 and can therefore very well handle the task related to Registration of Documents as well as Freehold Conversion and Mutation of Name in Delhi Development Authority ( DDA ) and Land and Development Office ( L&DO ) in Delhi.

We have been regularly handling the work of many NRI clients from United States of America, United Kingdom, Canada, UAE etc.

We provide the following services to our clients :-

Drafting and Registration of the following Legal Documents:

Sale Deed

Lease Agreement / Rent Deed

Leave and License Agreement

Agreement to Sell

Power of Attorney

Gift Deed

Conveyance Deed

Transfer of lease

Collaboration/Builder Agreement

Mortgage Deed

Partnership Deed

Trust Deed

Adoption Deed

Will and Codicil

Relinquishment Deed

Partition Deed

Family Settlement Deed

Release Deed

Disclaimer Deed

Rectification Deed

Non Disclosure Agreements

Certified Copies of Documents

Other Legal Documents

Currently, there are 15 Sub-Registrar Offices in Delhi, where the above mentioned documents are required to be registered. We have arrangements for the registration of the Documents across all the Sub-Registrar Offices in Delhi.

Mutation/Substitution of Name of the owner in the records of Delhi Development Authority (DDA), Land and Development Office(L&DO), Municipal Corporation of Delhi (MCD) and New Delhi Municipal Council (NDMC), without requiring your presence in India.

For any assistance, you may contact Mr. SK Gupta, Advocate at +91-8800418408.Our hourly billing rates vary between US $ 65 - $ 140.

Some Important Points

NRIs and PIOs may acquire any immovable property for residential/commercial purposes in India, other than agricultural/plantation/farm house, without the permission of Reserve Bank of India.

No declaration is required to be made to the RBI. Only information regarding details of the property and costs incurred should be given to the RBI. This will help at the time of repatriation.

No permission from the RBI is required to transfer any immovable property other than the agricultural land or plantation property or a farm house in India by way of sale to a person resident in India.

The lock-in period of 3 years has been done away with.

If property has been acquired through NRE account then repatriation is allowed only for 2 residential properties.

NRI/PIO is permitted to transfer by way of mortgage his residential commercial property in India to an authorized dealer/housing finance institution in India.

NRI/PIO can avail housing loan in rupees from an authorized dealer or housing finance institution in India approved by the National Housing Finance Bank for purchase of residential accommodation or for the purpose of repairs/renovation/improvement of residential accommodation, subject to certain terms and conditions.

Sale proceeds of residential/commercial property received by way of gift by NRI/PIO can only be credited to NRO account.

Sale proceeds of any immovable property in India inherited, by a person resident outside India (i.e. NRI or PIO or foreign national of non-Indian origin resident outside India), from a person resident outside India cannot be repatriated by him or his successor without prior permission of the RBI.

NRI/PIO can rent out the residential/commercial property purchased out of foreign exchange/rupee funds.

The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India.

The non-resident Indians who are staying abroad may enter into an agreement through their relatives and/or by executing the Power of Attorney in their favour as it is not possible for them to be present for completing the formalities of purchase (negotiating with the builder or Developer, drafting and signing of agreements, taking possession, etc.) These formalities can be completed through some known person who can be given the Power of Attorney for this purpose. Power of Attorney should be executed on the stamp paper before the proper authorities in foreign countries. Power of Attorney cannot be drafted on the stamp paper bought in India.

Residential property can be given on rent if not required for immediate residential use. Rental income cannot be remitted abroad and will have to be credited to the ordinary non-resident rupee account of the owner of the property.

Tax Rules

No taxes have to be paid while purchasing property.

Certain taxes to be paid when selling property. If NRI/PIO has held property for less than 3 years then he would have to pay 30% tax. If property has been held for more than 3 years then tax payable is 20%. Tax is payable on rental income too.

At the time of renting out property or repatriation, PAN card is required.

Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website.